In 2010, Blue Air posted turnover of 692.1 million lei (EUR164.4 million).
Last year, the company reduced its fleet from 11 to 8 aircraft, but its occupancy rate increased from 72% in 2010 to 91%.
Blue Air general manager Sherif Ussama said the main challenges in 2012 will be the evolution of the euro-dollar exchange rate and the price of fuel, expecting “natural selection” among small and medium-sized operators in the business. Blue Air has plans to expand to another European Union member state, Ussama added.
The airline, along with construction company Romstrade, is part of a group controlled by Nelu Iordache.